Sweetwater Company manufactures two products, Mountain Mist and Valley Stream. The company prepares its master budget on the basis of standard costs. The following data are for March. Mountain Mist 3 ounces at $14.70 per ounce 5 hours at $60.30 per hour $48 $360,905 6,550 Valley Stream 4 ounces at $17.30 per ounce 6 hours at $79 per hour $53.30 $399,360 7,800 Standards Direct materials Direct labor Variable overhead (per direct labor-hour) Fixed overhead (per month) Expected activity (direct labor-hours) Actual results Direct material (purchased and used) Direct labor Variable overhead Fixed overhead Units produced (actual) 3,900 ounces at $14.30 per ounce 4,980 hours at $62.75 per hour $260,550 $324,950 1,080 units 4,800 ounces at $19.25 per ounce 7,490 hours at $83.60 per hour $386,510 $399,200 1,230 units Required: a. Prepare a variance analysis for each variable cost for each product. b. Prepare a fixed overhead variance analysis for each product. (For all requirements, Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Mountain Mist Price Variance Efficiency Variance Valley Stream Price Variance Efficiency Variance Direct materials Direct labor Variable overhead Price Variance Production Volume Variance Price Variance Production Volume Variance Fixed overhead